760 E 232nd St Bronx, NY 10466

Listing office Keller Williams Realty Group b***@kw.com Show Phone

Listing date Jul 31, 2025

Source Exprealty

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Investment Insights

Based on property information with market context.

Located in the Wakefield section of the Bronx, 760 E 232nd Street is a well-maintained, solid brick 12-unit multifamily property. The rent-stabilized building offers a blend of in-place cash flow with upside through unit turnover and operational optimization. The unit mix includes three vacant units, one 3BR unit that will be delivered vacant, and eight stabilized/rented units. The stabilized units include 1BRs renting at $859, $1,113 (ERAP), $1,198, $1,233, and $1,336, and 2BRs renting at $1,117, $1,521, and $2,174 (lease through 2026). One 2BR is in active eviction with legal process in progress. Several units are month-to-month or have upcoming lease expirations. The building is in a transit-friendly corridor near the 2 and 5 trains, Metro-North, major bus lines, and key Bronx retail. The property is a prime hold for multifamily operators, 1031 exchange buyers, and fund managers seeking in-place returns and long-term value appreciation. The building offers strong fundamentals, low turnover risk, and no major deferred maintenance has been reported. The property has 25% vacancy and additional unit turnover potential.

Key Highlights

• 12‑unit rent‑stabilized brick building in the North Bronx
• Significant upside potential through 25% vacancy (3 units)
• One additional 3BR unit will be delivered vacant

Property Analytics

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FAQs

What type of property is this?

Apartment building - 12-unit rent-stabilized brick building in the Wakefield section of the Bronx.

Where is this apartment building located?

The property is located at 760 E 232nd St Bronx, NY.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 12‑unit rent‑stabilized brick building in the North Bronx; Significant upside potential through 25% vacancy (3 units); One additional 3BR unit will be delivered vacant